👋Hey there,
Just a quick reminder our customer counts webinar is open and free to join.
We’ll cover what a customer count is, how to effectively analyze it, and share examples to help you deliver this powerful analysis in your FP&A role.
Details:
Fri, Mar 22nd
12:00pm to 12:45pm est
Online
Register for free below:
Be Good Friends with Marketing
Does your Marketing Team avoid eye contact with your FP&A Team?
FP&A and Marketing folks can be very different cats.
But they also have common ground.
We’ve been lucky to establish great relationships with our Marketing peers.
Hear how we did it and why it helped drive long-term revenue and profit.
Listen on
Marketing Loves FP&A
Marketing is all about driving awareness.
And what does Marketing need to drive this awareness?
Money.
Do you think your FP&A expertise can help?
Let’s dive in.
Show Notes
00:20 - Marketing does NOT want to hear “NO, NO, NO" from FP&A
01:25 - Marketing is about generating interest
03:15 - Driving sales with efficient spend is critical to Marketing success
03:50 - Marketing spend starts with purchase orders—know the details 🫵
04:55 - Ask WHY a bunch of times to understand Marketing spend
06:45 - Customer Lifetime Value (CLTV) helps companies both big and small
07:55 - Understand your COCA (cost of customer acquisition)
09:55 - Favorable marketing spend (aka savings) is not always a good thing
11:50 - Take initiative and understand what Marketing does
What Does Marketing Do?
There are a million ways to market your company’s products or services.
Social media, billboards, paid search, newspaper ads…you name it.
Your Marketing Team figures out which marketing channels make sense.
With the primary goal of driving awareness (insanely important).
🔥TIP: Set up a purchase order process to track marketing spend.
Why Does Marketing Matter?
Your company could be the best in the world at what it does.
But what if no one knows your company exists?
HINT: NO SOUP SALES FOR YOU.
That’s why your company MUST be good at marketing.
Make sure you show your Marketing Team the money.
And help them spend it efficiently and effectively (that’s important too).
Things FP&A Can Do To Make Marketing Friends
Building a great relationship takes time and baby steps.
Learn what Marketing spends money on by diving into purchase orders
Top/bottom vendors
Top/bottom channels
Sit with Marketing and ask WHY—let them teach you their ways
Stand up a CLTV model to help them attract the ideal prospect
🔥TIP: Read this to learn how to do CLTV analysis.
REMEMBER, don’t lead with that word.
Conclusion: Marketing Is In Your Friend Zone
Marketing wants your company to grow revenue and profits.
That’s your common ground.
Help them help your company by using your financial and technical (excel) skills.
Your Marketing Team will thank you for demystifying their marketing spend.
And for helping your company achieve its goals.
Keep learning and having fun.
How’s your business partnership with Marketing?
Share your experiences by replying to this. We read and reply to every email.
Now go have fun making an impact on your business and your career!
See you next week 👊
Cheers,
Drew & Yarty
👉Follow us on LinkedIn
How Your FP&A Team Can Help Marketing Drive Revenue and Profit